St. Joe Company (The) (NYSE:JOE – Get Free Report) major shareholder Bruce Berkowitz sold 140,400 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the transaction, the insider owned 15,073,624 shares in the company, valued at $990,487,833.04. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
St. Joe Stock Up 1.6%
NYSE JOE traded up $1.05 on Tuesday, hitting $66.37. 197,598 shares of the company were exchanged, compared to its average volume of 230,764. The company has a market cap of $3.81 billion, a PE ratio of 34.21 and a beta of 1.28. St. Joe Company has a 12 month low of $46.37 and a 12 month high of $73.54. The stock has a fifty day moving average of $65.69 and a 200-day moving average of $65.44. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.72.
St. Joe (NYSE:JOE – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%. The firm had revenue of $99.04 million during the quarter.
St. Joe Dividend Announcement
Institutional Trading of St. Joe
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of St. Joe by 4.9% during the first quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock valued at $1,404,000 after buying an additional 1,384 shares during the last quarter. AQR Capital Management LLC lifted its stake in St. Joe by 152.4% during the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock valued at $3,572,000 after acquiring an additional 45,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in St. Joe by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock valued at $1,008,000 after acquiring an additional 951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in St. Joe by 29.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock worth $4,113,000 after acquiring an additional 19,879 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in St. Joe by 45.8% during the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock worth $1,231,000 after acquiring an additional 8,235 shares during the last quarter. 86.67% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on JOE shares. Weiss Ratings downgraded St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on St. Joe
About St. Joe
The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.
Founded in 1936 as a paper manufacturing company, St.
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